🔥LATEST: $TON pulled back 2.23% to around $2.39 after an explosive 77% rally over the past week, showing signs of short-term cooling after entering overbought territory.
The correction appears driven mostly by profit-taking and long liquidations, with roughly $4.76M liquidated across the market. No major bearish news has surfaced, suggesting this is currently a healthy reset within the broader bullish trend.
If $TON holds the $2.35 support region, price could rebound toward the $2.48–$2.56 range. Failure to defend support may open the door for a deeper retracement into the $2.25–$2.31 zone. Despite the pullback, the higher timeframe structure remains bullish for now. 📈